In the first nine months of 2024, there were over 22,000 real estate transactions in the central and eastern parts of Sharjah, totaling Dh1.3 billion, a 57.6% increase over the previous year.
The Sharjah Real Estate Registration Department reported that 22,059 real estate transactions totaling 37 million square feet were made.
“The real estate sector in the central and eastern regions achieved new record levels, thanks to the Sharjah Government’s continued development of the infrastructure, which has contributed significantly to strengthening the real estate sector in all cities and regions of the emirate,” said Omar Al-Mansouri, director of Branches Department at the Sharjah Real Estate Registration Department.
“Many real estate and tourism projects were launched in these two regions, which made these areas attractive for investors within and outside the country. We, at the Real Estate Registration Department, are working to implement standards and laws that enhance economic growth and support the prosperity of the real estate sector,” Al-Mansouri added.
A total of 577 sales transactions totaling Dh464.9 million were made in 41 distinct areas of the central region.
The four central region branches’ combined transaction volume made up 4.7% of the emirate’s overall trading volume. Dh810.3 million was the total amount of cash traded in the central region, followed by Dh262.4 million in Khorfakkan, Dh234.6 million in Kalba, and Dh15.5 million in Dibba Al-Hisn.